Higher oil prices offset lower output

IMPERIAL OIL LTD. $40 (Toronto symbol IMO; Conservative Growth and Income Portfolios, Shares outstanding: 837.6 million; Market cap: $33.5 billion; Price-to-sales ratio: 1.3; Dividend yield: 1.6%; TSINetwork Rating: Average; www.imperialoil.ca) is Canada’s second-largest publicly traded oil company, after Suncor. ExxonMobil (New York symbol XOM) owns… Read More

Buy these two for oil and gas exposure

IMPERIAL OIL $41.46 (Toronto symbol IMO; Shares outstanding: 844.3 million; Market cap: $34.7 billion; TSINetwork Rating: Average; Dividend yield: 1.5%; www. imperialoil.ca) is Canada’s second-largest publicly traded oil company, after Suncor. ExxonMobil (New York symbol XOM) owns 69.6% of Imperial.

About 90% of the company’s crude… Read More

Canadian stock re-fuels with regular acquisitions

Canadian stock re-fuels with regular acquisitions

A member of Pat McKeough’s Inner Circle recently asked about the pullback in the shares of a Canadian stock specializing in gas stations, convenience stores and fuel distribution. Before retreating, the shares had surged in the wake of the company’s most recent acquisition, the result… Read More

Updating Imperial Oil Ltd.

IMPERIAL OIL LTD. $40 (Toronto symbol IMO; Cyclical-Growth Dividend Payer Portfolio; Resources sector; Shares outstanding: 840.4 million; Market cap: $33.6 billion; Dividend yield: 1.6%; Dividend Sustainability Rating: Above Average; www.imperialoil. ca) is Canada’s second-largest integrated oil company, after Suncor Energy. U.S.-based ExxonMobil (New York symbol… Read More

Q: Hi, Pat. I appreciate your advice and would like your thoughts on Parkland Industries, which has seen a substantial pullback in the last little while. Thanks.

A: Parkland Fuel Corp., $26.14, symbol PKI on Toronto (Shares outstanding: 130.5 million; Market cap: $3.4 billion, www.parkland.ca), operates gas stations, convenience stores and a fuel-distribution business for motorists, businesses, households and wholesale customers in Canada and the U.S.

The company’s shares have moved down from… Read More